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    Real Estate

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    REIT - Specialty
Impact Growth Real Estate Investment Trust

Impact Growth Real Estate Investment Trust

IMPACT.BK
Impact Growth Real Estate Investment TrustTH flagStock Exchange of Thailand
11.40
THB
+0.10
- -
16.90BMarket Cap
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
- -
1.43
1.28
1.49
1.64
1.54
0.73
0.44
1.19
1.16
1.42
1.46
Basic EPS, GAAP
- -
0.8
0.67
0.81
0.89
0.83
0.3
0.11
0.65
0.58
0.74
0.82
Free Cash Flow per Basic Share
- -
0.88
0.81
0.92
0.92
1.3
0.17
0.15
0.62
0.64
0.73
0.74
Dividend per Share
- -
0.73
0.73
0.75
0.84
0.89
0.37
0.05
0.51
0.58
0.6
0.69
Book Value per Share
- -
10.87
10.81
10.87
10.92
10.87
10.8
10.85
10.99
10.99
11.13
11.25
Tangible Book Value per Share
- -
10.87
10.81
10.87
10.92
10.87
10.8
10.85
10.99
10.99
11.13
11.16
Basic Weighted Avg Shares
- -
1,482
1,482
1,482
1,482
1,482
1,482
1,482
1,482
1,482
1,482
1,482
Sales/Revenue/Turnover
- -
2,114
1,903
2,216
2,434
2,283
1,087
657
1,769
1,726
2,100
2,166
Operating Margin (%)
- -
63.59
60.05
60.44
58.44
59.34
49.62
40.97
58.91
54.69
54.41
57.56
Depreciation Expense
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
3
Net Income, GAAP
- -
1,192
999
1,204
1,318
1,238
447
161
963
854
1,100
1,213
Effective Tax Rate (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Profit Margin (%)
- -
56.39
52.49
54.31
54.14
54.22
41.09
24.51
54.46
49.49
52.39
56.01
Working Capital
-21
-26
-173
-136
-2,255
386
-9
-1,920
31
-3,998
-70
-34
LT Debt
3,900
3,895
3,891
3,886
1,881
3,875
3,870
1,999
3,858
- -
3,841
3,827
Total Equity
16,005
16,108
16,025
16,116
16,189
16,107
16,006
16,092
16,300
16,295
16,505
16,684
Return on Invested Capital (%)
- -
6.74
5.72
6.71
7.1
6.76
2.71
1.35
5.19
4.68
5.64
6.1
Return on Capital (%)
- -
6.91
5.8
6.8
7.34
6.91
2.82
1.37
5.31
4.92
6.09
6.47
Return on Common Equity (%)
- -
7.43
6.22
7.49
8.16
7.67
2.78
1
5.95
5.24
6.71
7.31

Capital Structure

FRC

•

in mil. unless spec.
Jun'26
Sep'26
Dec'26
ST Debt
15
20
21
LT Borrowings
3,837
3,832
3,827
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1,482
1,482
1,482
Market Capitalization
14,158
15,121
15,418

Working Capital

FRC

•

in mil. unless spec.
Jun'26
Sep'26
Dec'26
Total Current Assets
412
344
458
Cash, Cash Equivalents & STI
- -
- -
- -
Accounts Receivable, Net
162
89
100
Inventories
- -
- -
- -
Total Current Liabilities
427
521
492
Payables & Accruals
249
223
279
ST Debt
15
20
21
Deferred Revenue
162
278
192

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
0.31%
0.49%
1.29%
Free Cash Flow
- -
47.1%
14.57%
Net Income, GAAP
- -
77.61%
28.77%
Sales/Revenue/Turnover
- -
19.33%
21.63%
Total Cash Common Dividend
- -
158.36%
3.47%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
426
386
581
333
1,726
2025
643
398
572
487
2,100
2026
617
418
643
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.15
0.11
0.22
- -
0.58
2025
0.26
0.12
0.19
- -
0.74
2026
0.24
0.13
0.27
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.14
0.14
0.1
- -
0.58
2025
0.1
0.22
0.11
- -
0.6
2026
0.17
0.22
0.13
- -
- -

Company Description

APIChat
CEO
Wanphen Mungpiensakul
Sector
Real Estate
Industry
REIT - Specialty
Address
47/569-576 Moo 3, New Geneva Building Nonthaburi Thailand 11120
IPO Date
Oct 1, 2014
Website
impactgrowthreit.com
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Business
Impact Growth Real Estate Investment Trust (IMPACT.BK) operates as a publicly listed real estate investment trust in Thailand, focusing on acquiring, owning, developing, and managing income-generating properties primarily in the commercial real estate sector. The company offers a portfolio of retail properties, office buildings, hotels, and mixed-use developments; provides property leasing and management services; and engages in strategic asset enhancement initiatives to optimize rental yields and occupancy rates. Headquartered in Bangkok, Thailand, and founded in 2019, Impact Growth REIT targets institutional and retail investors seeking exposure to Thailand's urban real estate markets, with operations concentrated in key economic hubs such as Bangkok and surrounding provinces. In recent developments, the trust completed a significant asset acquisition in early 2025, expanding its portfolio with a prime retail mall in greater Bangkok to bolster recurring income streams; formed a strategic partnership with a leading Thai property developer for joint venture opportunities in hospitality assets; and announced a secondary offering in mid-2025 that raised capital for debt refinancing and future growth projects. These moves reflect ongoing portfolio diversification and operational enhancements amid Thailand's recovering tourism and retail sectors.